No. 5 – Sunway Bhd (Property division)

Sunway Bhd managing director, property division, Sarena Cheah comes into Sunway University’s Sunway iLabs Makerspace in Sunway City with a broad smile for this interview with City & Country.

Embracing sustainability in community building

No. 3 – Sime Darby Property Bhd

The local property market has had some ups and downs over the past few years, with companies adopting different plans to stay afloat. Nevertheless, renowned developer Sime Darby Property Bhd (SDP) aims t...

Advancing with a strong, tested formula

Winner | Ramsay Sime Darby Health Care Sdn Bhd (50:50 JV between Sime Darby Bhd and Ramsay Health Care)

Ramsay Sime Darby Health Care Sdn Bhd (RSDH) is recognised as a provider of quality private healthcare through its three hospitals,...

Growing the Ramsay Sime Darby experience

No. 8 – Gamuda Bhd (Property division)

The newly opened Gamuda Cove Experience Gallery in USJ, Taipan, is filled with lush greenery. Sunlight pouring in through the glass panels makes it brighter and seem more spacious.

Gamud...

Emphasis on township developments

Tan Sri Teo Chiang Kok | Bandar Utama City Corp Sdn Bhd

Before we begin the interview, Bandar Utama City Corp Sdn Bhd director Tan Sri Teo Chiang Kok leads us to the Secret Garden on the rooftop of 1 Utama Shopping Centre. He is clearl...

Building holistic townships is his forte

Winner |  EPIC | Kualiti Alam Sdn Bhd (a subsidiary of Cenviro Sdn Bhd)

 

There was an air of curiosity and excitement at Kualiti Alam Sdn Bhd’s Environmental Preservation and Innovation Centre (EPIC) in Port Dickso...

Revolutionising waste management and design

Merit |  Setia SPICE | Eco Meridian Sdn Bhd (a subsidiary of S P Setia Bhd)

Positioned in a strategic spot in Bayan Lepas, S P Setia Bhd’s Setia SPICE (Subterranean Penang International Convention & Exhibition Centre) is hard ...

Green convention centre raises the bar

No.1 – S P Setia Bhd + Best in Quantitative Attributes + Best in Qualitative Attributes

S P Setia Bhd has once again made it to the top spot of The Edge Malaysia Top Property Developers Awards and has also been ranked first in both the quantitative...

Weathering the challenges

Dear readers,

The Edge Malaysia Property Excellence Awards (TEPEA) celebrated its 16th iteration at a gala dinner on Oct 29, with Housing and Local Government Deputy Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad as our guest of honour.

There were many familiar faces at th...

Note from the publisher

The Edge Malaysia Property Excellence Awards, introduced in 2010, initially comprised anchor award The Edge Malaysia Top Developers Awards, and two other sub-awards , namely The Edge Malaysia-PEPS Value Creation Excellence Award and The Edge Malaysia-PAM Green Excellence Award. They were subseque...

Other awards

The Edge Malaysia Top Property Developers Awards is an exercise to rank Malaysia’s top property players based on their quantitative and qualitative attributes. The ranking is published annually.

Introduced in 2003, it is based on the conviction that a developer’s quantitative attributes...

Awards methodology

S P Setia Bhd clinched the top spot in The Edge Malaysia Top Property Developers Awards (TPDA) 2018 for the third consecutive year. It had dropped to third place in 2014, and to fourth in 2015, before bagging the title again in 2016. Prior to 2014, the

developer had been ranked No 1 eig...

Celebrating the industry’s best

No. 7 (joint ranking) – UEM Sunrise Bhd

After taking a sip of water, UEM Sunrise managing director and CEO Anwar Syahrin Abdul Ajib settles in for the third interview of the day. Although it has been a long morning, he is still energet...

Focusing on the customer experience

No. 7 (joint ranking) – Mah Sing Group Bhd

Mah Sing Group Bhd’s vibrant headquarters provided a good complement to the spirit of camaraderie seen during a photo session with group managing director Tan Sri Leong Hoy Kum and his son, Li...

Remaining competitive and innovative

YX Precious Metals Bhd, a 70%-owned subsidiary of Tomei Consolidated Bhd, has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.

In a bourse filing, the gold jewellery wholesaler and manufacturer said it has also satisfied the Securities Commission Malaysia (SC) and Main Market listing requirements on financial position, public shareholding spread and Bumiputera equity.

YX Precious Metals proposes to transfer listing from ACE Market to Main Market

(April 19): Oyo Hotels is in talks to raise up to US$450 million via dollar bonds, a person familiar with the matter said, as the once-high-flying Indian startup seeks to replace an existing high-cost loan amid delays in its stock-market debut.

Softbank-backed Oyo eyes US$450 mil bond sale for refinancing

CIMB Thai Bank PCL’s net profit for the first quarter ended March 31, 2024 (1QFY2024) dropped 24.6% year-on-year to 626.1 million baht from 830.1 million baht, as it reported lower operating income and higher expenses.  

The group recorded an 8.4% drop in operating income and an 11.8% increase in operating expenses. The effects of these were partially offset by a 36.9% decline in expected credit loss, according to CIMB Thai president and chief executive officer Paul Wong Chee Kin in a statement. CIMB Group Holdings Bhd has a 94.83% interest in CIMB Thai.

CIMB Thai's 1Q earnings drop 24.6% as operating income falls while opex climbs

KUALA LUMPUR (April 19): Ten individuals suspected of being involved in the case related to an Israeli man who was charged with possessing bullets and trafficking guns, were rearrested under the Security Offences (Special Measures) Act 2012 (Sosma).

Israeli man’s case: 10 individuals rearrested under Sosma

Fitters Diversified Bhd has landed a subcontract worth RM26.1 million from a unit of IJM Corp Bhd for fire protection services at the compound of a four-storey logistics hub, including its parking and ancillary buildings, in Shah Alam, Selangor.

Fitters Diversified bags RM26.1 mil fire protection services job

HPP Holdings Berhad slipped into the red in the third quarter ended February 29, 2024 (3QFY2024) for the first time since its listing on the ACE market in January 2021, mainly due to commission payments of RM520,000 and a one-time compensation payment of RM400,000 million to foreign workers, in line with the group's adherence to its zero recruitment fee policy.

It posted a net loss of RM62,200 in 3QFY2024 compared to a net profit of RM1.53 million in the previous corresponding quarter, resulting in a loss per share of 0.16 sen for 3QFY2024 compared to earnings per share of 0.39 sen for 4QFY2023.

HPP Holdings posts first-ever quarterly loss of RM62,200 since listing

KUALA LUMPUR (April 19): M&A Equity Holdings Bhd announced that an individual by the name of Siti Nur Aishah Ishak has become a substantial shareholder of the stockbroking firm, after acquiring a 0.13% stake in the company.

Siti Nur Aishah emerges as substantial shareholder of M&A Equity

The mandatory general offer (MGO) for the remaining 34.1% stake in Pan Malaysia Holdings Bhd (PM Holdings), launched by property developer Exsim Group's founders, the Lim brothers, concluded on Friday with acceptances for only 35,997 shares received.

No change in Lim brothers' stake as Pan Malaysia Holdings' MGO concludes

Sapura Energy Bhd said trading in its shares has been suspended at the company's request pending a material announcement.

The suspension took effect from 2.30pm on Friday, Sapura Energy said in an exchange filing, fueling speculation in the market on what the announcement could be.

Trading in Sapura Energy suspended pending announcement

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Friday due to persistent weakness in the soybean oil market on the Chicago Board of Trade, said a dealer.

Palm oil trader David Ng noted that market sentiment has been influenced by concerns regarding the anticipated surge in output over the coming weeks, which is perceived as exerting pressure on the market

CPO futures end lower due to weaker soybean futures

Sapura Energy Bhd said trading in its shares has been suspended at the company's request pending a material announcement.

The suspension took effect from 2.30pm on Friday, Sapura Energy said in an exchange filing, fueling speculation in the market on what the announcement could be.

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

Main Market-bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.

Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

Financial services provider MIDF has reported a recent cyber security incident to relevant authorities and is collaborating closely with them on addressing the matter.

In a brief statement issued on Friday, MIDF affirmed that it takes the cyber security incident seriously and reiterated its commitment to safeguarding the privacy and security of customers' information.

MIDF confirms cyber security incident

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

KLCI up 0.43% with focus on energy, plantation, financial stocks

Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

Malaysia’s March exports down 0.8%, imports surge 12.5%

Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.

Sime Darby Property gets commitment for balance 30% of RM1b industrial development fund

Kenanga Investment Bank has initiated coverage on soon-to-be listed oil and gas services firm Keyfield International Bhd at RM1.90 — reflecting a 111% premium over its IPO price of 90 sen per share — while giving it an “outperform” rating.

Kenanga sees Main-Market bound Keyfield International cashing in on OSV boom, sets target price at RM1.90

Automotive electronic parts manufacturer MCE Holdings Bhd has commenced the construction for its MCE Auto Hub, the company’s new manufacturing facility in Serendah, Selangor, with an initial investment of RM50 million for the first phase of the development.&nbsp;

MCE Holdings commences construction for RM50 mil manufacturing facility in Serendah 

PUTRAJAYA (April 19): Payment of fees&nbsp;for training or classes in esports, equestrian, swimming, motorsports and taekwondo is&nbsp;eligible for&nbsp;tax relief of up to RM1,000 from next year, said Youth and Sports Minister Hannah Yeoh.

Payment of fees for sports training eligible for tax relief from next year — Hannah

KUALA LUMPUR (April 19): Oil-and-gas services firm Yinson Holdings Bhd said on Friday that its indirect wholly owned subsidiary Yinson Production Offshore Pte Ltd (Yinson Production) has successfully placed a US$500 million five-year senior secured bond issue.

Yinson’s unit places US$500 mil five-year senior secured bonds

KUALA LUMPUR (April 19): Meta Bright Group Bhd is forming a joint venture company (JVco) with a Bumiputera firm to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright forms JVco with Bumiputera firm for RE projects

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.

Melaka State Secretary Zaidi dies of heart attack

Batik Air will suspend its operations to Istanbul, Turkiye, effective May 1, 2024, and affected passengers will be notified via email and text, said the airline operator, Malindo Airways Sdn Bhd.

Batik Air to suspend operations to Istanbul from May 1

DUBAI/JERUSALEM (April 19): Explosions echoed over an Iranian city on Friday in what sources described as an&nbsp;Israeli attack, but Tehran played down the incident and indicated that it had no plans for retaliation — a response that appeared gauged towards averting region-wide war.

Tehran signals no retaliation against Israel after drones attack Iran

KUALA LUMPUR (April 19): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Four stocks displayed negative momentum while one stock displayed positive momentum

<h3>Stocks with negative momentum were:</h3>

<ul>
	<li>Kimlun Corp Bhd - unch...

Kimlun, Mclean, Poh Kong, Tomei, BM Greentech

EG Industries Bhd has secured a second letter of intent (LOI) from US-based Cambridge Industries Group (CIG) to produce a new 1.6 terabit optical signal transmitter and receiver for a 5G wireless network at EG Industries’ new smart factory 4.0 in Penang.

EG Industries expands partnership with US-based Cambridge Industries Group

Bursa Malaysia ended the week mixed on Friday with buying in selected heavyweights and commodity-related stocks amid the negative sentiment on regional markets, said an analyst.&nbsp;

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